Award

SOL - Insurance Services Excluding Insurance Broker Services

SOLIHULL METROPOLITAN BOROUGH COUNCIL

This public procurement record has 1 release in its history.

AwardUpdate

31 Mar 2023 at 12:47

Summary of the contracting process

The SOLIHULL METROPOLITAN BOROUGH COUNCIL has awarded a contract for Insurance Services. The contract, with a value of £7,000,000 in GBP, commenced on April 1, 2023, and will end on March 31, 2024. This contract extension involves services excluding insurance broker services and is intended to fulfill the requirements of various entities including Solihull Metropolitan Borough Council and other related organizations.

This procurement opportunity in the services category presents potential growth opportunities for businesses providing insurance services. Businesses catering to the insurance sector, especially in the UK region, with expertise in delivering services to public entities, may find this tender well-suited for competition. The involvement of large-scale suppliers such as Risk Management Partners Ltd, Royal and Sun Alliance Insurance Group Plc, and Ashdale Engineering UK Ltd indicates a demand for established providers in the industry.

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Notice Title

SOL - Insurance Services Excluding Insurance Broker Services

Notice Description

Lot Information

Lot 1

The contract is for the extension of Insurance services excluding insurance broker services for both Solihull Metropolitan Borough Council and Solihull Community Housing and the Urban Growth company. The contract to fulfil the requirement commenced on 1 April 2019. The contract provided for a 4-year term as contained in OJEU Contract Notice 2019/S 015-031394 of 22/01/2019. This notice confirms that an extension of 12 months until 31 March 2024 has become necessary and our intention to apply Regulation 72 (b) (Modification of contracts during their term) of the Public Contracts Regulations 2015. We can confirm that the specification, pricing and terms and conditions of the original agreement will not materially change.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03b7c2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/009478-2023
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£7,000,000 £1M-£10M

Notice Dates

Publication Date
31 Mar 20232 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Mar 20196 years ago
Contract Period
31 Mar 2023 - 31 Mar 2024 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Not Specified
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
SOLIHULL METROPOLITAN BOROUGH COUNCIL
Contact Name
Corporate Procurement Service
Contact Email
procteam@solihull.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
SOLIHULL
Postcode
B91 3QB
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG32 Solihull
Delivery Location
Not specified

Local Authority
Solihull
Electoral Ward
St Alphege
Westminster Constituency
Solihull West and Shirley

Supplier Information

Number of Suppliers
3
Supplier Names

ASHDALE ENGINEERING

RISK MANAGEMENT PARTNERS

ROYAL AND SUN ALLIANCE INSURANCE GROUP

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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                    "rationale": "Need for additional works, services or supplies by the original contractor/concessionaire: Solihull Metropolitan Borough Council have recently conducted a further competition under the YPO Insurance Placement Dynamic Purchasing System (DPS) 978. Contract to commence on 1st April 2023 for 3 years with the option to extend further until March 2030. During the tender evaluation process, the need for further clarifications on the proposed policy covers with the tender participants has been identified. The Council have been unable to meet the required timescales to award the new contract in time before 1st April 2023. In order to ensure transparency and fairness in the contract award and achieve the right procurement outcome, the Authority must defer the current procurement exercise to allow additional time to undertake further reviews and clarifications."
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